[Debit] Interest on capital account xxxx [credit] Capital account xxxx
Cash A/c....................DR To Capital A/c
increase By debiting an account means,specific amount will be deducted for credit to the account for whom it is intended, which is contra entry by nature.
[Debit] Cash account xxxxx [Credit] Share application account xxxxx Entry 2 [Debit] Share Application account xxxxx [Credit] Share Capital Account xxxxx
Credit your capital account, debit the freehold property account
Debit Assets account and credit Capital Account
Debit Bank account xxxx Credit Capital account xxxx
Journal entry for opening a bank account
Debit Cash / bank / goods Credit Capital account
DR goodwill account CR capital account
It would be a credit to bank and a debit to the capital account. Most of the time there will be a drawings account, but it will be by the capital in the balance sheet.
debit cash /bankcredit capital account